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Liberty Health Sciences Inc. (LHSIF)

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Liberty Health Sciences was launched to acquire and operate U.S. – based
companies in the medical cannabis market. Liberty is committed to delivering
high-quality, clean and safe pharmaceutical grade cannabis to patients while
optimizing returns to our shareholders.


Liberty Health Sciences Experiences a Significant Increase in Year-Over-Year Revenue and Provides Update on its Liberty 360 and Ohio Operations

Canada NewsWire

TORONTO, Dec. 7, 2018

Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) www.libertyhealthsciences.com ("Liberty" or the "Company"), a provider of high quality cannabis, announced today that they experienced a significant increase in sales revenue in the quarter ended November 30, 2018 compared to the same period in the prior year. For the quarter ended November 30, 2018, revenue increased by 45% compared to the quarter ended August 31, 2018.

Liberty's recent quarterly revenue totalled $3.2 million and its fiscal year-to-date revenue totaled $6.5 million. This continued growth in revenue reflects the Company's improvement on returning patient count and the expanding dispensary base, as well as the strength of its partnerships with best-in-class brands such as PAX and Mary's Medicinals.

Liberty's patient count increased by 46% during the quarter ended November 30, 2018 to approximately 14,500 patients. Supporting this growth is Liberty's accelerated pace in opening dispensaries, adding three additional dispensaries over the last quarter for a total of seven dispensaries and six delivery hubs opened to date. Liberty expects to open another seven dispensaries by the end of February 2019 to a total of 14 dispensaries across Florida, including locations in Miami, Boca Raton and Gainesville, subject to the receipt of all necessary approvals from the Florida Department of Health. Under the state regulations, the Company is entitled to open up to 30 dispensaries. Accordingly, Liberty will continue to seek suitable locations in response to the state's growing patient count.

"We are happy with the progress we are making as we continue to move forward on both dispensary openings and operational capacity," said George Scorsis, CEO of Liberty Health Sciences. "Liberty remains committed to growth and operational excellence across Florida and to potential expansion opportunities in other states."

In support of the ongoing opening of its dispensary locations, Liberty expects to finish construction in phases on the planned 225,000 square feet Liberty 360 facility including the state-of-the-art processing and production space in 2019. Liberty is currently operating 20,000 square feet of cultivation space at the Liberty 360 property as well as 24,000 square feet at the original Alachua property to support the growing demand for product. The next phase, expected to be completed in early 2019, will add 80,000 square feet of cultivation space. Liberty is fully funded to complete these capital expenditures.

"Our cultivation team is doing an excellent job and we continue to get amazing yields from our operations," said Lewis Swarts, VP Operations of Liberty Health Sciences. "The automation we have introduced into our processing operations is paying dividends as we are able to keep up with the increase in demand from our growing patient base."

In addition to the expanded cultivation and processing space, the facility will also include a state-of-the-art research and development lab. With the completion of the processing plant, Liberty's extraction capacity will increase by nine times its current level.

The completion of Liberty 360 will allow Liberty to significantly increase its production capacity, expand its product line and provide scientific and technical support for Liberty's operations in other states. Liberty currently employs just under 200 people across its operations and dispensaries. With the anticipated completion of Liberty 360, the Company expects to employ a diverse workforce of up to 500 people including patient liaisons, scientists, engineers and cultivation specialists.

In Ohio, Liberty, together with their joint venture partners, the Schottenstein Group, expects to open their dispensary in Dayton, Ohio at the end of March 2019. Its processing facility will open subsequent to that in the spring of 2019, each depending on the receipt of the required regulatory approvals. The joint venture has secured a 10,000 square foot processing facility, which will be used for extraction, refining, formulation and packaging.

"Liberty is committed to bringing the same high-quality offerings to Ohio as we have in Florida," said Scorsis. "With the knowledge base gained over our last year of operation, we believe we have the team and tools to continue to succeed."


Company website https://www.libertyhealthsciences.com   




Market Cap Market Cap                           145,022,067                                    07/30/2019

Outstanding Shares                345,290,635                                    07/18/2019

Restricted                                    6,017,957                                    07/18/2019

Unrestricted                            339,272,678                                     07/18/2019

Held at DTC                                6,442,759                                      07/18/2019

Float                                        280,000,000                                      07/18/2019




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#7130  Sticky Note Wow, opening 10 more stores this year! FastMny 06/02/20 08:26:41 AM
#7668   Weekly numbers: tikotiko 09/25/20 06:49:04 PM
#7667   In this case a RSS would be helpful GE_Jim 09/25/20 02:28:43 PM
#7666   Exactly. But less stock outstanding means better numbers RangerPete 09/25/20 12:23:02 PM
#7665   A reverse split has no impact on the FastMny 09/25/20 12:20:56 PM
#7664   LHS is going nowhere until they do a RangerPete 09/25/20 12:05:20 PM
#7663   This is the most manipulated stock on the FastMny 09/25/20 12:03:56 PM
#7662   Huge asks and bids. If we see DrFunktastic 09/25/20 09:45:29 AM
#7661   I thought he said it would be a marathon man 09/25/20 08:32:16 AM
#7660   I assumed he was still on his ride. WithEyesOpen 09/24/20 08:59:56 PM
#7659   Whatever happened to Mrone? marathon man 09/23/20 07:25:37 PM
#7658   pleased to fill some .38s just now. DrFunktastic 09/22/20 11:48:49 AM
#7657   Guess we will see what this week brings. StevenRisk 09/20/20 09:01:35 PM
#7656   Indeed they are good numbers. Not their best StevenRisk 09/18/20 10:49:59 PM
#7655   BTW, very nice weekly numbers.... tikotiko 09/18/20 08:03:12 PM
#7654   Good job! I have used the same tikotiko 09/18/20 06:53:00 PM
#7653   Please share I’m a shareholder of both. uburoi 09/18/20 01:19:02 PM
#7652   yes. my working memory is greater than DrFunktastic 09/18/20 08:44:14 AM
#7651   What does Liberty and JohnCM 09/18/20 07:51:15 AM
#7650   House vote delayed until after elections: nilremerlin 09/17/20 11:30:43 PM
#7649   Your .39 gig may soon be over. These StevenRisk 09/17/20 09:44:30 PM
#7648   .383 didn't fill today! Damn. I've DrFunktastic 09/17/20 06:29:04 PM
#7647   Never did fill my .39's yesterday. Looking DrFunktastic 09/17/20 08:49:44 AM
#7646   The Blue dream 7g 21% Shake was great Stockshound 09/16/20 05:32:05 PM
#7645   It's flirting with my bid right now... hasn't DrFunktastic 09/16/20 02:42:25 PM
#7644   That would work for me. It is still trending tantalos60 09/16/20 10:40:23 AM
#7643   Breakout imminent. Confirmed IMO yesterday on low volume. StevenRisk 09/16/20 08:50:04 AM
#7642   Nice strategy. StevenRisk 09/15/20 08:40:10 PM
#7641   most of it is finally labeled "long" in DrFunktastic 09/15/20 07:39:25 PM
#7640   doesnt matter to me. I have a DrFunktastic 09/15/20 07:35:48 PM
#7639   your time is limited Doc. StevenRisk 09/15/20 07:01:05 PM
#7638   Need to break through the wall at .41 DrFunktastic 09/15/20 06:54:46 PM
#7637   Liberty Health Sciences Partners with VCC Brands to GE_Jim 09/15/20 09:12:43 AM
#7636   Would the mods please sticky my post #7631. tantalos60 09/14/20 03:30:27 PM
#7635   Hopefully changes are coming. StevenRisk 09/12/20 02:42:29 PM
#7634   IRS releases tax guidance for marijuana industry: nilremerlin 09/12/20 01:12:35 PM
#7633   Dumped my .39's at .41 today because I DrFunktastic 09/10/20 09:12:16 PM
#7632   Exactly. Great news. Probably not going to see StevenRisk 09/09/20 05:55:43 PM
#7631   https://www.otcmarkets.com/stock/LHSIF/news/Liberty-360-Facility-Expansion-and-P tantalos60 09/09/20 05:50:37 PM
#7630   https://www.prnewswire.com/news-releases/advisorshares-launches-pure-us-cannabis nowwhat2 09/07/20 02:29:11 PM
#7629   They said that there are 8 remaining dispensaries tantalos60 09/06/20 08:15:55 PM
#7628   Thank you. That is 2019 any change since StevenRisk 09/06/20 09:24:58 AM
#7627   229k square feet of grow space in the tantalos60 09/05/20 09:50:36 PM
#7626   You need the inventory. They have a capacity StevenRisk 09/04/20 10:16:55 PM
#7625   Couple of weeks like this one and LHS RangerPete 09/04/20 06:14:52 PM
#7624   Numbers sucked this week. FastMny 09/04/20 05:45:20 PM
#7623   I watched $V###F pull this price action, last tantalos60 09/04/20 02:19:17 PM
#7622   Now back well under .40. Support is Ignatius J. Reilly 09/04/20 12:12:47 PM
#7621   This is why I suggested patience. LHIS actually WithEyesOpen 09/04/20 11:27:47 AM
#7620   Maybe bc the largest shareholder bought LOTS of WithEyesOpen 09/04/20 11:20:47 AM
#7619   Did ever figure out why ... ? JohnCM 09/04/20 08:19:14 AM
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